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Re: Farm Auctions and how they are run?
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Posted by mjbrown on January 30, 2007 at 04:54:33 from (128.253.49.235):
In Reply to: Farm Auctions and how they are run? posted by B. Abseck on January 29, 2007 at 16:23:35:
I learned that it is a good idea to check the prices of the same equipment at a dealers and use that as your gold standard. If you buy from a dealer you have some one to go to if the item has problems. If you buy at auction it's "as is where is" so you want to pay less than the gold standard , much less. If it goes higher (and it often does) you don't want to be the one takeing it higher. You see all kinds of wheeler dealers at autions. I once bid on a haybine that quickly went too high for me. A guy who got right up front like he was hot to bid never did. He watched who did bid and after the haybine was sold he approached an unsuccessful bidder and offered his haybine at home for what the bidder dropped out at. I bought it and used it for years.
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